Symmetry Surgical (FRA:RZV) Days Inventory : 72.79 (As of Sep. 2014)

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What is Symmetry Surgical Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Symmetry Surgical's Average Total Inventories for the three months ended in Sep. 2014 was €43.5 Mil. Symmetry Surgical's Cost of Goods Sold for the three months ended in Sep. 2014 was €54.5 Mil. Hence, Symmetry Surgical's Days Inventory for the three months ended in Sep. 2014 was 72.79.

The historical rank and industry rank for Symmetry Surgical's Days Inventory or its related term are showing as below:

FRA:RZV' s Days Inventory Range Over the Past 10 Years
Min: 30.54 Med: 74.55 Max: 98.29
Current: 70.41

During the past 13 years, Symmetry Surgical's highest Days Inventory was 98.29. The lowest was 30.54. And the median was 74.55.

FRA:RZV's Days Inventory is not ranked
in the Medical Devices & Instruments industry.
Industry Median: 192.74 vs FRA:RZV: 70.41

Symmetry Surgical's Days Inventory declined from Sep. 2013 (82.06) to Sep. 2014 (72.79).

Inventory Turnover measures how fast the company turns over its inventory within a year. Symmetry Surgical's Inventory Turnover for the three months ended in Sep. 2014 was 1.25.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Symmetry Surgical's Inventory-to-Revenue for the three months ended in Sep. 2014 was 0.58.

Symmetry Surgical Days Inventory Historical Data

The historical data trend for Symmetry Surgical's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Symmetry Surgical Days Inventory Chart

Symmetry Surgical Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Days Inventory

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83.89

82.38

98.05

90.14

77.27

Symmetry Surgical Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Days Inventory	Get a 7-Day Free Trial															82.06	65.53	70.21	72.97	72.79

Competitive Comparison of Symmetry Surgical's Days Inventory

For the Medical Devices subindustry, Symmetry Surgical's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Symmetry Surgical's Days Inventory Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Symmetry Surgical's Days Inventory distribution charts can be found below:

* The bar in red indicates where Symmetry Surgical's Days Inventory falls into.

Symmetry Surgical Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Symmetry Surgical's Days Inventory for the fiscal year that ended in Dec. 2013 is calculated as

	Days Inventory (A: Dec. 2013 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2012 )	+	Total Inventories (A: Dec. 2013 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2013 )	*	Days in Period
=	( (49.101	+	42.982)	/	2 )	/	217.493	*	365
=	46.0415					/	217.493	*	365
=	77.27

Symmetry Surgical's Days Inventory for the quarter that ended in Sep. 2014 is calculated as:

	Days Inventory (Q: Sep. 2014 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2014 )	+	Total Inventories (Q: Sep. 2014 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2014 )	*	Days in Period
=	( (42.972	+	43.969)	/	2 )	/	54.493	*	365 / 4
=	43.4705					/	54.493	*	365 / 4
=	72.79

Symmetry Surgical (FRA:RZV) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Symmetry Surgical's Inventory Turnover for the three months ended in Sep. 2014 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	54.493	/	43.4705
	=	1.25

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Symmetry Surgical's Inventory to Revenue for the three months ended in Sep. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	43.4705	/	74.446
	=	0.58

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Symmetry Surgical Days Inventory Related Terms

Thank you for viewing the detailed overview of Symmetry Surgical's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Symmetry Surgical (FRA:RZV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Symmetry Surgical Inc (FRA:RZV) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.symmetrymedical.com

Symmetry Medical, Inc., is a Delaware corporation incorporated on July 25, 1996. It is a source of medical device products. The Company provides medical device solutions, including surgical instruments, orthopedic implants, and sterilization cases and trays. The Company designs, develops and offers worldwide production and supply chain capabilities for these products to customers in the orthopedic industry and other medical device markets. It also manufactures specialized non-healthcare products, mainly in the aerospace industry. It operates in two reportable segments namely Original Equipment Manufacturer (OEM) Solutions and Symmetry Surgical. Its main products produced in the OEM Solutions segment include: implants, including forged, cast and machined products for the global orthopedic device market; instruments used in the placement and removal of orthopedic implants and in other surgical procedures; cases, including plastic, metal and hybrid cases used to organize, secure and transport medical devices for orthopedic, endoscopy, dental and other surgical procedures; and other specialized products for the aerospace market. Symmetry Surgical is its new business segment. It arose from the integration of the Codman and Olsen Medical lines of surgical instruments with its Company's already existing hospital direct business, Specialty Surgical Instrumentation (SSI). Symmetry Surgical, which is headquartered in Nashville, Tennessee offers reusable stainless steel and titanium surgical hand-held instruments and retractor systems, sterile disposable surgical products, and sterilization containers. These products are used in the surgical specialties of spine, general/obstetrics/gynecology, microsurgery/neurosurgery, orthopedics, and laparoscopy, cardiovascular, thoracic and general surgery in the hospital setting as well as surgery centers and in select physician offices. The Company's OEM Solutions segment has manufacturing facilities in the U.S., United Kingdom, France, Ireland and Malaysia. The Company's subject to federal, state and local environmental laws and regulations governing the emission, discharge, use, storage and disposal of hazardous materials and the remediation of contamination associated with the release of these materials at our facilities and at off-site disposal locations.